Charlene de Carvalho-Heineken, the daughter of Freddy Heineken, has been criticized by the Netherlands Authority for the Financial Markets (AFM). She gets an administrative penalty of € 375,000, because transactions in Heineken Holding been reported. Too late
This made the stock market watchdog said Tuesday . A spokesman of the Heineken family said earlier that a mistake has been made. There in the sentence seems AFM take this into account: the initial fine of € 500 000 is moderate because a press release is issued in which the purchase of shares is announced, and because transactions from other buyback programs have been reported on time in the past
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De Carvalho-Heineken bought between September 9 and December 21, 2013 in 61 transactions for approximately € 50 million of shares purchased in Heineken Holding, the major shareholder in the Amsterdam Brewery. She did so through L’Arche Green, a vehicle that holds a controlling interest in the family business. The family behind the brewer regularly buys additional shares to maintain control.
This time however, did not meet the Carvalho-Heineken to duty that she has to ‘immediately’ to report. trading stocks Heineken as auditor of the company As a result, investors were not well informed about the financial instruments of Heineken Holding.
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